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Biotech / Medical : Aurora Biosciences (ABSC) -- Ignore unavailable to you. Want to Upgrade?

To: Richard Haugland who wrote (104)	5/22/1998 2:01:00 AM
From: robert elmasian	Respond to of 359

Richard, thanks for an interesting post. I too have taken some bites of ABSC stock, although I started at $14. So far, it has done nothing except bitten me back. However, a few years may have to pass before we really know who is eating whom.

To: Richard Haugland who wrote (104)	5/22/1998 8:36:00 AM
From: Machaon	Read Replies (1) \| Respond to of 359

<< ... but I agree that "boring" in my last post on SI was not the right word >> Perhaps, but I was mostly kidding. A painful kind of joke. <g> << I put in an order to buy at 7 ... holding more than 10k shares ... Perhaps it is also the most risky then, principally due to its ambitious goals for ULTRA high-throughput screening. >> I frequently average down, when a stock, for which I have a lot of confidence, drops. It's obvious that you consider the risk worthy of a substantial position. << ... the company could be having difficult delivering on promises. >> It obvious that you feel that they can work out their problems. My field is computers, not in assays and screening. But, what interests me in this field, is that it is getting more mechanical. I visualize screening to be an automated, binary search type of operation. The more that DNA is totally mapped out, and relationships can be automated and formulized or digitized, the faster the path to discovery. But as with all pioneers, our ABSC stock has some arrows in it's back! Thanks for taking the time to post that very informative and detailed note. It is appreciated. Now to read it again, and do some more research. Thanks, Bob

To: Richard Haugland who wrote (104)	5/22/1998 11:28:00 AM
From: Czechsinthemail	Respond to of 359

Richard, Thanks for your information and thoughts about what might be going on with ABSC. The problem with trying to explain a drop in price in a small company is that it may or may not reflect fundamental problems with the company. As the stock drops in price, a negative sentiment builds which causes more fear and people sell more shares and fewer are willing to step forward and buy. It can easily develop the kind of selloff we've seen with nothing more than fears to justify the selling. Without clear information to dispel the fear, it is easy for it to take on a life of its own. Eventually, when the panic subsides, people come back into buying the stock and it jumps up, people feel more confident, buy more, etc. The drops on relatively low volume suggest small individuals selling their shares with no one committing to buy large amounts. That would generally be a positive indication that those most in the know and most heavily invested aren't selling lots of shares. In that kind of situation, the stock is likely to pop up as soon as any significant buying comes in. With the stock as cheap as it is, I think bargain hunting makes sense. My guess is that the stock isn't likely to drop much further and may be strong on Tuesday when bigger players come back into the market. Baird